- Continued volatility and adverse development in older legacy books
- Shareholder activism
- Adverse reserve development in R&Q Legacy’s core reserve portfolios ($32 million)
- Softer conditions impacting the legacy market
- Unexpected adverse development in R&Q Legacy, requiring greater collateral
- Unexpected one-off historic legal matters associated with older legacy transactions and discontinued programs ($28 million)
R&Q Insurance Holdings Ltd
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, R&Q Insurance Holdings Ltd disclosed greenhouse gas emissions of 553.13 tCO2e/year (2022). By scope: Scope 2: 209.00 tCO2e/year (2022); Scope 3: 344.13 tCO2e/year (2022) (Business travel only). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
553.13 tCO2e/year (2022)
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 209.00 tCO2e/year (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 344.13 tCO2e/year (2022) (Business travel only) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 5% reduction in Scopes 1 and 2 emissions year-on-year, despite the re-opening of the New York office
- Initial voluntary TCFD climate change risk disclosure
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net-zero emissions (target year not specified)
🌱 ESG Focus Areas
GHG emissions reductionNet-zero strategy implicationsEmployee engagementPurpose and cultureEmployee wellbeingBusiness ethics and governanceTransparency and stakeholder engagementPhysical impacts of climate changeDiversity and inclusionSystemic risk management